Word: iranscam
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...even though the actions represented most of what the sidelines doctors had prescribed, the furor over "Iranscam" barely abated. When Reagan's departed National Security Adviser John Poindexter and his renegade deputy Lieut. Colonel Oliver North appeared before a Senate committee, both invoked the Fifth Amendment. Robert McFarlane, Poindexter's predecessor and an early promoter of establishing contacts with Iran, did respond to Senate interrogators, but he cast doubt on Reagan's claims about what the President knew and when he knew it. As a flood of disclosures about North's secret arms network fueled fascination with details...
...Iranscam (Cont...
CASEY by Joseph E. Persico (Viking; $24.95). It has been said that CIA director William Casey "believed in the American flag, the Catholic Church, and nothing else." This hard-eyed biography suggests that history might have been altered for the better if the man behind Iranscam had also had faith in the Constitution...
According to Bob Woodward's best seller Veil, Casey made a deathbed confession. He became involved with Iranscam because "I believed." But after a series of discussions with the director's colleagues, Persico doubts the authenticity of the hospital interview...
...coke smugglers can accomplish this feat because they have plenty of help. They rely on a booming money-laundering industry that serves a clientele ranging from tax-avoiding corporations to the Iranscam schemers. The system depends on the collaboration, or often just the negligence, of bankers and other moneymen who can use electronic-funds networks and the secrecy laws of tax havens to shuffle assets with alacrity. The very institutions that could do the most to stop money laundering have the least incentive to do so. According to police and launderers, the basic fee for recycling money of dubious origin...